Knowtion Health (fka RSource Healthcare), a Boca Raton, FL-based healthcare company, acquired Amplus, a Torrance, CA-based provider of healthcare revenue cycle A/R resolution and technology service.
The amount of the deal was not disclosed.
With the acquisition, Knowtion will accelerate its plan to expand low balance recovery technologies to reach its scalability goals. The two companies will leverage and combine their revenue cycle management capabilities to accelerate growth in the healthcare sector.
Led by CEO Satchel Kiefer, Amplus uses machine learning and automation to support accounts receivable (A/R) for health system revenue cycles.
Led by CEO Jayson Yardley, Knowtion Health helps the health system revenue cycle resolve denied and complex claims, recover low balance accounts, and defend against payer audits, tipping the balance of power back to the provider. The company is positioned to deliver claims denial management solutions to hospitals and health systems of all sizes and types. Knowtion Health is owned by Sunstone Partners, a private equity firm based in San Mateo, CA, since August 2020. – You’ve Got This Now.
FinSMEs
10/10/2022